CHICAGO--(BUSINESS WIRE)--Northern Trust, a leading global provider of wealth management services, has been named the nation’s best private bank by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group. Northern Trust Wealth Management is a leading provider of services to affluent individuals, family offices and business owners, with US$242 billion in assets under management.
The publications also recognized Northern Trust in the categories of Best Private Bank for Family Offices and Best Private Bank for Ultra-High-Net-Worth clients, which earned Highly Commended accolades. Northern Trust’s Global Family & Private Investment Office group serves families who together hold or manage assets totaling more than $400 billion with Northern Trust. Northern Trust’s ultra-high-net-worth services include investment management and wealth planning as well as specialized services such as business-owner, philanthropic and intergenerational consulting.
Northern Trust also was awarded Best Initiative of the Year for its relationship management technology, recognizing the firm’s focus on contemporary, integrated technology to improve client experiences.
“These awards reflect our continuous focus on innovation and our commitment to providing clients with a service experience beyond expectation,” Northern Trust Wealth Management President Steven L. Fradkin said.
“Northern Trust was lauded by the 15-strong judging panel for its excellence in US private banking,” Professional Wealth Management Editor-in-Chief Yuri Bender said. “Key factors included the high quality of staff which the group is able to attract, excellent coverage of US regions and a dedication to client relationships. The implementation of technology which both boosts the strength of relationships between clients and bankers, while also enhancing the asset allocation process, was also worthy of note.”
Northern Trust’s Goals Driven technology and processes deliver a dynamic asset allocation plan that allows clients to match their objectives to assets in a powerful and intuitive manner. Also, Northern Trust provides clients with a bank-by-text offering and biometric security for mobile and iPad apps.
Northern Trust received the awards on Oct. 26 at a reception in London.
Northern Trust Wealth Management is a premier wealth management firm that specializes in goals-based financial advice, offering clients insightful perspectives and creative thinking, backed by innovative technology and a strong fiduciary heritage. Northern Trust is ranked among the top 10 U.S. wealth managers with $242 billion in assets under management as of September 30, 2016, and has a wide network of wealth management offices across the United States and abroad.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, and affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2016 Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$946 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
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